Eastern Bank Grows Holdings in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA)

Eastern Bank grew its holdings in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 171.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,065,764 shares of the company’s stock after purchasing an additional 1,305,539 shares during the period. Vanguard FTSE Developed Markets ETF comprises approximately 2.0% of Eastern Bank’s investment portfolio, making the stock its 9th biggest holding. Eastern Bank owned approximately 0.08% of Vanguard FTSE Developed Markets ETF worth $109,093,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Warner Financial Inc. lifted its holdings in Vanguard FTSE Developed Markets ETF by 1.7% during the 3rd quarter. Warner Financial Inc. now owns 253,433 shares of the company’s stock worth $13,384,000 after buying an additional 4,268 shares during the period. Sequoia Financial Advisors LLC grew its holdings in Vanguard FTSE Developed Markets ETF by 4.3% during the third quarter. Sequoia Financial Advisors LLC now owns 129,233 shares of the company’s stock worth $6,825,000 after buying an additional 5,300 shares in the last quarter. Rodgers & Associates LTD grew its stake in Vanguard FTSE Developed Markets ETF by 2.0% in the 3rd quarter. Rodgers & Associates LTD now owns 275,809 shares of the company’s stock valued at $14,565,000 after purchasing an additional 5,350 shares during the period. Calton & Associates Inc. lifted its position in shares of Vanguard FTSE Developed Markets ETF by 4.6% during the 3rd quarter. Calton & Associates Inc. now owns 36,961 shares of the company’s stock valued at $1,952,000 after buying an additional 1,610 shares during the last quarter. Finally, Foundations Investment Advisors LLC boosted its holdings in Vanguard FTSE Developed Markets ETF by 14.6% in the 3rd quarter. Foundations Investment Advisors LLC now owns 97,930 shares of the company’s stock worth $5,172,000 after buying an additional 12,485 shares during the period.

Vanguard FTSE Developed Markets ETF Price Performance

Shares of VEA traded down $0.32 during midday trading on Tuesday, hitting $50.92. 4,113,173 shares of the company traded hands, compared to its average volume of 9,520,992. The stock has a 50-day moving average of $51.73 and a 200-day moving average of $50.50. Vanguard FTSE Developed Markets ETF has a one year low of $41.48 and a one year high of $53.40. The firm has a market cap of $133.41 billion, a P/E ratio of 13.32 and a beta of 0.88.

Vanguard FTSE Developed Markets ETF Profile

The Vanguard Developed Markets Index Fund (VEA) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market-cap weighted index of large-, mid- and small-cap stocks from developed markets outside the US. VEA was launched on Jul 20, 2007 and is managed by Vanguard.